This article may rely excessively on sources too closely associated with the subject, potentially preventing the article from being verifiable and neutral. (June 2017) |
Formation | 12 April 1988 |
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Type | Development finance institution |
Legal status | Treaty |
Purpose | Political risk insurance, foreign direct investment |
Headquarters | 12th floor, 1800 G Street NW, Washington, D.C., U.S.[1] |
Membership | 182 countries |
Executive Vice President | Hiroshi Matano |
Parent organization | World Bank Group |
Website | MIGA.org |
The Multilateral Investment Guarantee Agency (MIGA) is an international financial institution which offers political risk insurance and credit enhancement guarantees. These guarantees help investors protect foreign direct investments against political and non-commercial risks in developing countries.[2] MIGA is a member of the World Bank Group and is headquartered in Washington, D.C. in the United States.
MIGA was established in 1988 as an investment insurance facility to encourage confident investment in developing countries.[3] MIGA is owned and governed by its member states, but has its own executive leadership and staff which carry out its daily operations. Its shareholders are member governments that provide paid-in capital and have the right to vote on its matters. It insures long-term debt and equity investments as well as other assets and contracts with long-term periods. The agency is assessed by the World Bank's Independent Evaluation Group each year.